Analysts Offer Predictions for Colliers International Group Inc’s Q1 2023 Earnings (TSE:CIG)

Posted by on Apr 27th, 2023

Colliers International Group Inc (TSE:CIG – Get Rating) (NASDAQ:CIGI) – Analysts at Raymond James reduced their Q1 2023 EPS estimates for Colliers International Group in a research note issued to investors on Monday, April 24th. Raymond James analyst F. Bastien now anticipates that the company will post earnings of $1.80 per share for the quarter, down from their prior forecast of $1.87. Raymond James also issued estimates for Colliers International Group’s Q2 2023 earnings at $2.15 EPS, Q3 2023 earnings at $2.46 EPS, Q4 2023 earnings at $3.47 EPS, FY2023 earnings at $9.89 EPS and FY2024 earnings at $11.24 EPS.

Colliers International Group Price Performance

Colliers International Group has a one year low of C$1.89 and a one year high of C$47.85.

Colliers International Group (TSE:CIG – Get Rating) (NASDAQ:CIGI) last announced its quarterly earnings data on Thursday, February 9th. The company reported C$2.97 earnings per share (EPS) for the quarter, missing the consensus estimate of C$3.04 by C($0.07). The company had revenue of C$1.66 billion for the quarter, compared to the consensus estimate of C$1.77 billion.

Insider Activity at Colliers International Group

In related news, Director Peter F. Cohen sold 500 shares of the company’s stock in a transaction dated Friday, February 17th. The shares were sold at an average price of C$159.00, for a total transaction of C$79,500.00. In other news, Director Robert Hemming sold 21,000 shares of the firm’s stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of C$153.19, for a total transaction of C$3,216,990.00. Also, Director Peter F. Cohen sold 500 shares of the firm’s stock in a transaction that occurred on Friday, February 17th. The stock was sold at an average price of C$159.00, for a total transaction of C$79,500.00. In the last quarter, insiders sold 24,200 shares of company stock valued at $3,718,898.

Colliers International Group Company Profile

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Colliers International Group Inc is engaged in the provision of commercial real estate services. The Company offers services, including outsourcing and advisory services, lease brokerage and sales brokerage. Its segments include Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and Corporate.

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